When can I apply for Financial Assistance (FA)?

Matriculating students may submit their applications for the Financial Assistance according to the application instructions and deadlines as stated in the pre-matriculation package sent via email.  

Current students may submit their Financial Assistance applications during the same application periods.

Information on the application periods and submission instructions can be found in the Loans, Bursaries & other Assistance Schemes pages. 

How do I submit my application for financial assistance?

Information on the application periods and submission instructions can be found in the Loans, Bursaries & other Assistance Schemes pages. 

Who will inform me of the outcome of my financial assistance application?

Mendaki Tertiary Tuition Fee Subsidy (TTFS)

By Mendaki

Post-Secondary Education Account

By Ministry of Education

CPF Education Scheme

By CPF Board

Tuition Fee Loan

By DBS Bank

SIT Study Loan

Approval for Loan Application: By SIT Admissions

Loan Application Status: By DBS Bank

Public Bursaries

By SIT Admissions

Private Bursaries:

By SIT Admissions


As an International student, I had previously received Financial Assistance when I was enrolled in a Polytechnic. Will I be eligible for Financial Assistance at SIT?

SIT primarily offers Financial Assistance to students who are either Singapore Citizens or Singapore Permanent Residents. Selected private bursaries may extend the award to International Students as well.

Would I require a guarantor when applying for a loan? If yes, what are the requirements?

CPF Education Scheme:

The CPF Board (CPFB) has waived the requirement for a guarantor for new applications received with effect from 1 April 2005. However, the CPFB reserves the right to require a student to furnish a guarantor acceptable to the Board where deemed necessary.

Tuition Fee Loan / SIT Study Loan:

• One guarantor between 21 – 60 years of age.
• Guarantor must not be an undischarged bankrupt.
• No income qualification required.
• Must not be an existing guarantor for more than two (2) students' loans concurrently.
• Nationality of guarantor: 
- If applicant is a Singapore Citizen, the guarantor must be a Singapore Citizen.
- If applicant is a Singapore Permanent Resident, the guarantor must be a Singapore Citizen or Singapore Permanent Resident. 

What will happen if my Non-Singaporean guarantor cannot be present in Singapore when I'm applying for the loan at DBS?

If your non-Singaporean guarantor is unable to sign the tuition fee loan agreement physically in Singapore, he/she will have to sign the tuition fee loan agreement in the presence of a notary public in the country that he/she is in.
However, as a student borrower, you are still required to sign the tuition fee loan agreement in the presence of a Bank officer. 

How will I be notified of the outcome of my Tuition Fee Loan application?

Upon submitting the application form and relevant supporting documents to the bank personally, the bank will process the application immediately and will be able to inform you of the outcome upon verification of the documents provided. The entire loan application can be finalised in a single visit to the bank. 

How do I check if I have sufficient CPF funds available for education?

To check available funds, please check your Available Withdrawal Limit (AWL) for education via the CPF website.

A CPF member may use up to 40% of accumulated Ordinary Account savings, excluding any amounts reserved for housing or other schemes (if any), whichever is lower. Upon reaching the age of 55, the amount available for use will take into account any CPF Minimum Sum and Medisave Minimum Sum shortfalls. You may not be able to use your OA savings for tuition fees if you have not met the CPF Minimum Sum and Medisave Minimum Sum that are applicable to you. For more information, please refer to the CPF website.

Do I have to re-apply for the loans every year?

CPF Education Scheme:
As long as there are sufficient funds in the CPF member’s account to pay for your tuition fee, you do not have to re-apply every year.

Tuition Fee Loan / SIT Study Loan:
The loan is tenable for the entire course of study so re-application is not required. 

What other criteria must I meet to be eligible for the SIT Study Loan?

You must have applied or will be applying for Tuition Fee Loan, CPF Education Scheme (100% subsidised tuition fees coverage), or Mendaki Tertiary Tuition Fee Subsidy (100% subsidy) in order to hold the SIT Study Loan. 

Where can I obtain more information on loans?

Please refer here for more information on the application of the various loans.

I still have questions on applying for Loans, who can I contact to find out more?

You may contact the Admissions Division at 6592 1136 during office hours.

Alternatively, you may write in to with your enquiry. Be sure to include your particulars and contact information for our ease of follow-up. 

What are the types of loans payable by PSEA? Can it be used to pay for bank loans taken out for my studies?

PSEA holders can use the funds in their PSEA to repay four types of approved government education loans and financing schemes, namely the Tuition Fee Loan (TFL) Scheme, the Study Loan (SL) Scheme, the Overseas Student Programme (OSP) Loan Scheme, and the CPF Education Scheme. The TFL, SL, and OSP loan schemes are currently offered to students studying in MOE-subsidised diploma and degree programmes in the Polytechnics and Autonomous Universities (AUs), while the CPF Education Scheme is open to students studying in full-time subsidised diploma and degree programmes at ITE, Polytechnics, AUs, and the Arts Institutions*. PSEA cannot be used to repay other non-approved schemes not listed above.

What are the fees and charges that are allowed under the PSEA usage for the repayment of Government Loan and Financing Schemes?

PSEA can be used to repay the principal loan amount, and any interest charged in respect of the loan or financing scheme that is payable by the PSEA account holder as part of the outstanding loan.

Can I use my PSEA to pay for my loans while I am still studying?

No, PSEA holders must have already left the institution, as students who are still studying in the institution can use their PSEA to pay for their current fees and charges.

What is the reason for expanding the usage of PSEA fund to allow repayment of Government Loan and Financing Schemes?

Some PSEA holders may have unutilised PSEA balances which they wish to use to repay the loans that they have taken during their studies, to help reduce their financial obligation. Hence, the use of PSEA is extended to allow for this.

I do not have sufficient funds in my PSEA. Can I use my siblings' PSEA to pay for loans taken by me?

No. you can only use your own PSEA funds to repay your loans.

Is there a minimum repayment amount for using PSEA?

For the Government education loans (i.e. TFL, SL, OSP), the minimum repayment amount for each transaction is $100. Hence, the minimum withdrawal amount from PSEA to repay the outstanding government loan is $100 for each loan. However, if your PSEA balance or total outstanding loan amount per loan is less than $100, repayment of less than $100 using PSEA is allowed. For CPF Education Scheme, there is no minimum repayment amount required for each transaction. Hence, there is no minimum withdrawal amount stipulated for using PSEA to repay the CPF Education Loan. For PSEA account holders who wish to use PSEA for loan repayments, they can opt to  ither fully utilise the PSEA balance to settle the outstanding loan amounts, or specify a specific amount to use for the loan repayment. The funds deducted from the PSEA will be considered as a partial capital repayment. It will not affect the monthly instalment deduction that the PSEA account holder has pre-established for monthly loan repayment. That is, the monthly instalment amount will continue to be deducted from your account in the month you have used PSEA to partially offset your outstanding loan. 

How do I apply for the withdrawal of the PSEA for repayment of Government Loan and Financing Schemes?

Please go to the MOE PSEA website at to download a copy of the Loan Repayment Application form and make a hardcopy submission to MOE directly. If there are multiple loans to be repaid, MOE will effect the transfer of the PSEA balance for loan repayment in the order specified in the application form. The loans may also not be all paid in the same month. Interest will continue to accrue for your loan during this processing period, and until the loan is fully repaid.

How long will it take to process my PSEA withdrawal request and for the amount to be transferred to the loan administering agency (e.g. agent bank, institution, CPF Board)? Will interest continue to accrue during the processing period?

The completed and accurate loan application form should reach MOE by the 20th of the month for MOE to repay the loan administering agency in the following month.

Can I apply for PSEA fund to be used to cover the loan amounts which I had repaid earlier and get a reimbursement from the PSEA?

No. PSEA funds cannot be used for loans or amounts that had already been paid. PSEA account holder can only use their PSEA funds to pay for their outstanding loan amounts.

Are the Bursaries/Grants repayable?

No, recipients are typically not required to repay Bursaries/Grants. However, the award quantum must be returned in part or in full if you either withdraw or are terminated from your studies at SIT.

Do I have to renew my Higher Education Community Bursary or Higher Education Bursary yearly?

Each Higher Education Community Bursary or Higher Education Bursary award is valid for 1 Academic Year. Hence, previous recipients of the bursary will become eligible to re-apply in the following Academic Year. 

I heard that there are 4 different quanta for the public bursaries, how will I know which one I am eligible to receive?

There are two tiers of bursaries, the Higher Education Community Bursary or Higher Education Bursary, each with 2 sub-tiers. All four provide a different quantum. The actual award of the Public Bursary is based on the individual applicant’s Residency and assessed Per Capita Income (PCI) or Gross Household Income (GHI), whichever will accord the student the higher Public Bursary quantum. You will be informed of the exact quantum awarded to you through email notification of the application outcome. 

Can I hold more than one bursary concurrently?

SIT aims to provide financial assistance to as many needy students as possible. Concurrent holding of two or more Bursary/Grant awards is subjected to approval on a case by case basis. 

Can I hold a combination of bursaries and scholarships concurrently?

This is possible, provided the Terms & Conditions of both awards permit the concurrent holding of awards. At the point of acceptance of the bursary or scholarship award, all awardees are expected to declare their agreement to abide by this condition. If a student is found to have accepted two awards which do not permit concurrent holding of other awards, he or she would have to relinquish one award or refund the monies already granted under one of the awards. 

What is the processing time for the public and private bursaries?

The public bursaries (Higher Education Community Bursary or Higher Education Bursary) require at least 2-3 months processing time before submission for approval to the respective bursary awarders. The processing time for private bursaries varies as the assessment process includes interviews for shortlisted applicants before recommendations are made to the awarding organisation. 

How is the Bursary/Grant disbursed to successful applicants?

The disbursement of the award differs for each bursary, depending on the designated use for education expenses, tuition fees, OIP or other expenses. Awardees may receive the funds directly from the bursary awarders or via SIT. These funds could be disbursed to the student via cheque or be used to deduct/offset outstanding school fees. Students will be informed of the different outcomes accordingly. 

Can the study grant be used for other school-related expenses besides paying tuition fees?

The decision on how the study grant should be utilised depends on the options for use stipulated by the awarding organisations.

There are so many private bursaries available, how do I know which ones to apply for? What are the chances of success for my application?

You may approach the Admissions team for advice on the requirements of the different bursaries before applying. Success of the application depends on whether the eligibility criteria and expectations of the Bursary/Grant sponsors/donors are met. 

Why is the application statement required?

The statement applicants submit forms an important part to assess a student's application holistically. It helps the Financial Assistance Team understand the applicant better and match them to the right financial assistance.

Would my property type affect my Financial Aid (FA) Application outcome?

Property type/ownership does not affect a student's eligibility for the Public Bursaries. Property type/ownership may be taken into account in determining student's eligibility for the various Donated bursaries/grants.

Would I be eligible to receive a public bursary with a larger quantum if there is a drop in my Per Capita Income (PCI)?

Yes, students may be eligible to receive a public bursary with a larger quantum within the same Academic Year if there is a drop in their PCI or Gross Household Income (GHI). As there are 2 FA application cycles, students are welcome to submit applications through both cycles and if he/she is assessed to be eligible for a public bursary with a larger quantum within the same Academic Year, SIT will credit a top-up of the monies directly to the student. If students were to miss the FA application cycle, they are welcome to contact the Financial Assistance team to appeal for the public bursary with a larger quantum or any other FA  that might be available, subject to fulfilment of the eligibility criteria.

How would I be informed of my Financial Aid Application outcome?

Matriculated students are typically informed through email notifications sent to their SIT student email accounts. Students will be notified of their FA application regardless of the outcome, i.e. rejection (incomplete application), rejection (income exceed), successful/unsuccessful award, etc.

Where can I obtain more information on the bursaries and grants available?

Please refer here for more information on the various awards and the application periods.

I still have questions on Bursaries/Grants, who can I contact to find out more?

You may contact the Admissions Division at 6592 1136 during office hours.

Alternatively, you may write in to with your enquiry. Be sure to include your particulars and contact information for our ease of follow-up.